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P/E 8.1, PEG 0.6 with excellent order book and visibility ?
Kind of presumes global economy is about to grind to a halt with rampant inflation and prohibitive sanctions.
Looks dirt cheap to me.
Seems to have started a Dutch Auction with no less than 3 other bidders apart from NWG including private equity firms CVC, Bain Capital and BC Partners. Thats quite apart from previous suitors such as Warburg Pincus. Quilly had AUM of £127bn at 30/06/2021, with 120% jump in inflows. However, geopolly and cost of living crisis resulted in outflows with AUM dropping to £110bn on 31/12, before falling a further 4% by 03/2022 to reach £107bn. What the AUM is now is anybodies guess and Quilly have cut costs by hundreds of redundancies.
Find it hard to belive this is a worthwhile acquisition with so many competitive bids and AUM heading south.
Agree that trading RNO is better for your pension pot than having a RNO pension. IMO pension deficit is the main reason for low valuation.
Good to see that RNO passing on cost increases to customers and reducing debt. Had to laugh at fact that higher inflation means higher bond yields that reduces the monster pension deficit. Concerned that EPS forecast to stay same over next few years and no even token dividend in sight. Good that Hunt the Cent now raised from Sell to Hold. Sp retracing from results, how low could it go anyone ?
Simply Wall Street believe SFR is 'Very undervalued with adequate balance sheet and pays a dividend. SFR (£0.58) is trading below our estimate of fair value (£0.96)'. Price almost at year low. Lots of nuclear work coming up. Time to call the bottom ?
Despite all the awful news, is the maritime focused group worth a punt at these levels ? LOL but seriously, 1.5p looks tempting ...
Yup, skeletons under the bed, not images of a blond female banker much loved by some posters on this board !
A data breach whistleblower has NatWest files under her bed containing current customer details, contrary to the bank’s claims that it is historic information. The former worker has been in dispute with the bank for more than 10 years over the confidential paper based customer data files stored in her home.
In 2006, the data was sent to the worker’s home as part of a work arrangement – in breach of data protection rules. The worker was given the opportunity to work from home and, on the bank’s instructions, used customer banking information to generate mortgage and loans. Over three years, she received thousands of paper documents, many of which – about 1,600 – are still stored in her home. Seems bank will not settle dispute with her to get them back ! Just the publicity NWG needs. Obviously some of the mortgages are still running... Come on NWG, earn your bonuses and pay this lady off.
No Rose tinted specs here. Amazing that even after all these years, Natwest is in the second division for Resolvability - ie how it would be wound down in upcoming crisis without Gov support. Irony indeed. Well done Santander for showing how its done.
Surely repayment of the expensive loans taken out to continue the legal battle will swallow up the 'massive return' if TAN win ? Even if TAN win, where is the working capital to continue coming from ?
IMO absurdly draconian drink drive laws are the biggest problem in Scotland. Time to get rid of the prohibitionalists ...
JDW puffed by Fool - usually kiss of death. States JDW is a bargain, well-run business with an attractive model, which is simply in a sustained period of difficult trading conditions. Expects underlying strengths to reassert themselves. IMO they have got it right for once ...
I therefore think the company looks cheap at the moment, with its market capitalisation of £915m. The company’s freehold and long-leasehold property alone is valued at £1.1bn and has not been revalued in over 20 years. Its business has a large, loyal customer base and its focus on low prices could help it do well, even in a recession.
I see the current JD Wetherspoon share price as a bargain and would consider buying more to hold in my portfolio with a patient investing mindset.